Global air transport body calls on governments to release blocked airline funds

The International Air Transport Association (Iata) on Thursday called on governments that are blocking the repatriation of airline funds to cease doing so. The association, which is the representative body of the global airline industry, pointed out that the blocking of these funds was a violation of international conventions and could damage the economic recoveries of the countries concerned. “Governments are preventing nearly $1-billion of airline revenues from being repatriated,” highlighted Iata director-general Willie Walsh. “This contravenes international conventions and could slow the recovery of travel and tourism in affected markets as the entire airline industry struggles to recover from the Covid-19 crisis.”

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